Turkey's New 'Turcorn' HubX Achieves $1.2 Billion Valuation, Supported by Government Incentives

Technology Minister Mehmet Fatih Kacır announced that HubX, a Turkish startup developing mobile apps and AI tools, has become the country's newest 'Turcorn' with a valuation of $1.2 billion. The company, which reaches 600 million users in 190 countries, conducts its R&D in Izmir and will continue to receive government R&D incentives.